Equipment Financing for Medical and Dental Practices: A Practical Guide

The Problem

Medical and Dental Practices face a specific cash flow challenge. Insurance reimbursement delays, equipment upgrades. When the bank says no or the timeline is too slow, the opportunity passes. Most medical and dental practices we work with have a real revenue base but their financials do not fit a traditional bank’s pre-set profile.

How Equipment Financing Solves It

Equipment Financing from Slate Financial is built for businesses that need broken equipment capital fast. Finance the equipment with the equipment itself as collateral. You get $25K to $2M in capital, funded in 48 to 96 hours, with paperwork that respects your time. We work with many credit profiles and most industry types, including medical and dental practices.

Who Qualifies

This product is a fit if your business has been operating for at least six months and you can show recent revenue through your business bank account. We do not require perfect credit. We do not require collateral on a primary residence. The qualifier is whether the underlying business is generating revenue today, not whether it looked good three years ago.

Documents You Will Need

• Equipment invoice or quote from the seller
• Last three months of business bank statements
• Driver’s license
• Voided check

That is the entire package for a $25K to $2M equipment financing request. We do not ask for letters of recommendation, business plans, or projections. The bank statements tell the real story.

How Long It Takes

From the moment we have a complete file, expect a decision within 48 to 96 hours. Medical and Dental Practices owners often start the application on a phone in the parking lot and have a soft approval before they get home. Funding follows shortly after the fee agreement is signed and any final documents are received.

Real Example

A medical and dental practices owner in their fourth year of operations came to us last quarter. They had a clear opportunity in front of them but their bank had quoted six weeks for a decision. We reviewed their last six months of business bank statements and structured a Equipment Financing that closed within the timeline. No personal real estate as collateral, no week-long underwriting questionnaire.

Next Step

If a equipment financing would change what you can do in your business this quarter, the next step is the application. It takes about two minutes to fill out and there is no obligation. Visit slatefinancial.io/apply to start. A funding specialist will review the file the same day in most cases.

Need Business Funding?

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